Saving the Family Cottage : A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home

Hollander, Stuart, Hollander, Rose, S. Fry, David

ISBN 10: 1413323499 ISBN 13: 9781413323498
Published by NOLO, 2017
Used Soft cover

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Pages intact with possible writing/highlighting. Binding strong with minor wear. Dust jackets/supplements may not be included. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good. Seller Inventory # 13909052-6

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Synopsis:

Estate planning for family cottages and cabins

When family members inherit a vacation home together, problems are often unavoidable, given that the new co-owners may have different financial circumstances or emotional attachments to the family cottage or cabin.

But you can head off damaging family squabbles by developing a legal structure (typically an LLC) to take care of the business of ownership. Whether you’re planning to pass on a cottage to your children, or you’ve inherited a cabin with your siblings, Saving the Family Cottage provides practical, legal solutions for preserving a beloved family property for generations to come. You’ll learn how to:

  • keep the peace (and avoid fights) among siblings over jointly-owned property
  • prevent a family member from forcing a sale of the cottage or cabin
  • keep your vacation home out of the hands of in-laws and creditors, and
  • make a smooth transition from one generation’s ownership to the next.

The fifth edition is updated to reflect current tax laws, including state property tax laws which affect choice of legal entity. It also includes an expanded discussion of legal issues when renting a family cottage or cabin on Airbnb, VRBO, or similar rental services.

Review: "Practical advice..." The Grand Rapids Press "Nolo is always there in a jam as the nation's premier publisher of do-it-yourself legal books."Newsweek

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Bibliographic Details

Title: Saving the Family Cottage : A Guide to ...
Publisher: NOLO
Publication Date: 2017
Binding: Soft cover
Condition: Very Good
Edition: 5th or later Edition

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